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A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.More than a third of the condo apartments sold in Manhattan over roughly the past year sold at a loss, although the top end of the market fared better, according to a new report.Despite the steady stream of headlines about eye-popping sales and soaring prices in Manhattan real estate, the median price per square foot for Manhattan condos is essentially flat from a decade ago, according to a report from Brown Harris Stevens. One in…
(This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett and Berkshire Hathaway. You can sign up here to receive it every Friday evening in your inbox.)Berkshire Hathaway’s B shares have rebounded 7.2% higher since their near-term closing low of $459.11 on August 4.At that point, they had dropped almost 15% in the wake of Warren Buffett’s surprise announcement in early May that he will be stepping down as CEO at the end of the year.That gives BRKB a YTD gain of 8.6%. (The A shares are up 8.5%)Zoom In IconArrows pointing outwardsZoom In IconArrows pointing outwardsAs Apple gains, Berkshire has…
Sdi Productions | Istock | Getty ImagesAmid growing consumer interest in alternative investments, financial advisors say it’s important to find the right way to invest.Alternative investments are a broad category that covers many assets outside traditional holdings of cash, stock and bonds. Alts include private-market assets, real estate, commodities such as gold and oil, and cryptocurrencies, among others.Investing in these products can entail added risks and complexities, advisors said. One smart way to get exposure to them is a more traditional vehicle: exchange-traded funds.More from ETF Strategist:Here’s a look at other stories offering insight on ETFs for investors.The strategy represents…
Jack Clarke came off the bench to net the solitary goal as Ipswich got back to winning ways with a 1-0 success against West Brom at Portman Road.The Tractor Boys were the dominant side throughout but could not make their supremacy pay despite a series of chances until Clarke’s fifth goal of the season seven minutes from time. It was a welcome result after back-to-back Championship defeats and lifted Ipswich just a point behind their opponents.Albion’s goalkeeper Josh Griffiths had to acrobatically dive full length to palm away a goal-bound shot from Jaden Philogene after the Ipswich winger was put…
Portsmouth defender Hayden Matthews scored a second half own goal to gift Stoke a much-needed 1-0 win at Fratton Park.Mark Robins’ stuttering Potters had to work hard on the south coast to claim only their second win in seven Sky Bet Championship games. Pompey handed summer signing Makenzie Kirk his first league start while the visitors seven changes following the midweek defeat at Millwall.Promotion hopefuls Stoke began on the front foot, forcing two quickfire corners in the opening three minutes.The Potters also created the first chance of the game in the seventh minute when an Aaron Cresswell cross saw Divin…
League leaders Coventry recorded their sixth win in a row with a 3-1 victory over 10-man Watford.Frank Lampard’s side got off to a flying start when Brandon Thomas-Asante and Jamie Allen scored within the first seven minutes. Tatsuhiro Sakamoto made it 3-0 on 42 minutes before James Abankwah was sent off for the visitors.Imran Louza’s second half penalty proved nothing more than a consolation for Javi Gracia’s side.Championship top scorer Thomas-Asante set Coventry on their way when he nodded Sakamoto’s cross into the far corner in the third minute. It could have been a very different start to the afternoon…
Ghouls, goblins … and gummy bears.Trick-or-treaters may find more fruity candy than chocolate among their Halloween handouts this year. That should be fine with younger consumers, who have been gravitating for years toward non-chocolate candies like gummies, freeze-dried treats and other sweets that come in a variety of shapes, colors and flavors. Last year, 52% of the total volume of Halloween candy sold in the U.S. was made of chocolate, according to Dan Sadler, a principal for client insights at the market research company Circana. But in the 12 weeks ending Oct. 5, chocolate accounted for 44% of the Halloween…
WASHINGTON (AP) — The government shutdown, already the second-longest in history, with no end in sight, is quickly becoming a way for President Donald Trump to exercise new command over the government. It wasn’t always this way. In fact, it all started with an attempt to tighten Washington’s observance of federal law. The modern phenomena of the U.S. government closing down services began in 1980 with a series of legal opinions from Attorney General Benjamin Civiletti, who was serving under Democratic President Jimmy Carter. Civiletti reached into the Antideficiency Act of 1870 to argue that the law was “plain and…
MADISON, Wis. (AP) — Find a shady spot under a tree, take a breath of fresh air and call me in the morning.Health care providers have long suggested stressed-out patients spend time outdoors. Now hundreds of providers are going a step further and issuing formal prescriptions to get outside. The tactic is gaining momentum as social media, political strife and wars abroad weigh on the American psyche.Of course, no one needs a prescription to get outside, but some doctors think that issuing the advice that way helps people take it seriously. “When I bring it up, it is almost like…
LOS ANGELES (AP) — The stakes. The famous faces. The posh private rooms. The clever cheating schemes. The federal indictment of a big-money poker ring involving NBA figures on Thursday, in which unsuspecting rich players were allegedly enticed to join then cheated of their money, echoed decades of movies and television, and not just because of the alleged Mafia involvement. Fictional and actual poker have long been in sort of a pop-cultural feedback loop. When authorities described the supposed circumstances of the games, they might’ve evoked a run of screen moments from recent decades. Poker in ‘Ocean’s Eleven,’ ‘Molly’s Game’…